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Cooperation needed to stop house hoarding
By Wei Shih-chang 魏世昌
Statistics compiled by the Fiscal Information Agency showed that from 2013 to 2019, the number of people who together with their spouse and minor children own four or more residential properties rose by 47,000 from 268,000 to 315,000.
The number of properties owned by multiple homeowners, who are subject to a local house-hoarding tax according to Ministry of Finance criteria, rose by 240,000, from 1.4 million to 1.64 million.
The numbers of multiple homeowners and their properties both increased by about 18 percent.
Furthermore, one-quarter of the 1.06 million new homes sold during that time were acquired by multiple homeowners. This means that less than 4 percent of the population owns 14 percent of all residential properties, which shows that house hoarding is an increasingly serious problem.
Real-estate vacancy key to housing price issue taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.